Mutual fund inside your TFSA:
$583/month at age 25
2.5% MER.
At 65 β $1,200,000.
Low cost ETF inside your TFSA:
$583/month at age 25
0.20% MER.
At 65 β $2,100,000.
$900,000 difference from the fee alone.
Always know what you're paying.
Today we held our third @Wealthsimple Presents in Calgary π¨π¦
Some context: 4mm clients, $150B in assets. We're shipping faster than ever before.
Here's some of my favorite announcements.
I encourage Albertans to recommend to the @ABDanielleSmith that Bill 31 needs ro be revised and that it should be permanent Standard Time rather than Daylight time....
Unpopular opinion: DAYLIGHT TIME in Alberta during the Summer is BAD FOR NIGHTLIFE industries and a waste of infrastructure which has special lighting features at night. It doesn't get dark (nautical twilight) until 11pm, which is why Canada Day fireworks has to be so late.
Being concerned about depreciation on cars and boats is so incredibly lame
"Oh no this thing I used and enjoyed for years isn't worth exactly what I paid for it"
Kindly go be a poor buzzkill somewhere else
If this seriously happens turn out the lights.
The economy will go full stop. No one will leave their house.
The cost of everything will go through the roof. Dinner, food, driving.
Forget it.
My neighbor is in his 70s and still works because of money.
How it happens:
- age 20-30: βI will invest later, let me enjoy lifeβ
- age 30-40: βI canβt invest, I need to take care of my kid, upgrade house, etcβ
- age 40-50: βI can't invest, I have to pay for college!β
- during 50s and 60s, people think about retirement, but not enough time to compound
Start investing early.
Itβs wild that itβs become normal to leave your kids at daycare five days a week, eight hours a day, just so you can go to a job that mainly pays for daycare, the car to get there, and a house youβre rarely home to enjoy. Weβre stuck in a cycle of working just to afford a life we barely get to live.
Want to know what a 1-kilogram bar of gold feels like in your hand? Then this is the contest for you. To celebrate the launch of our gold trading platform, weβre giving away real, solid gold prizes, including a grand prize of a 1-kilogram bar of gold.
How to earn entries:
Comment on this post with the hashtag #WealthsimpleGold and re-share the post to your feed (2,500 entries)
What you could win:
1 Γ 1-kilogram Wealthsimple Gold Bar
50 Γ 1/10 oz Wealthsimple Gold Coins
10 Γ 1 oz Wealthsimple Gold Coins
5,000 Γ $5 deposits